The general purposes of the corporation are to:

(1) Aid and assist its member credit unions in providing needed service functions;

Terms Used In Tennessee Code 45-4-1202

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(2) Provide a source for liquidity management;
(3) Provide financial, custodial and related services for credit unions; associations of credit unions; and corporations, organizations or agencies owned or operated by a credit union or credit unions; and
(4) Provide management for mergers and joint ventures and for other credit unions.
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